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Turns out sending Bernie Madoff to jail didn't set an example for other financial criminals.

According to FBI director Robert Mueller federal law enforcement agencies continue to uncover major fraud, insider trading and Ponzi schemes. At the end of fiscal year 2011, the FBI had more than 2,500 active corporate and securities fraud investigations representing a 47% increase since 2008.

Most notable of those cases is likely former Galleon hedge fund manager Raj Rajaratnam's conviction by a federal jury on 14 counts for insider trading.

"Ten years ago, few were familiar with the names Raj Rajaratnam, Bernie Madoff, or Lee Farkas. Today, they remain symbols of unprecedented greed, whose egregious crimes have threatened the stability of our financial system and victimized countless taxpayers, homeowners, shareholders, and everyday citizens," he said in his testimony.

Mortgage and health care fraud were also prevalent in 2011. The FBI director said there were roughly 3,000 pending mortgage fraud investigations in 2011 compared to approximately 700 investigations in 2005. Nearly 70% of the pending investigations involve losses of more than $1 million.

That includes the prosecution of Michael McGrath, former president and owner of U.S. Mortgage Corporation, formerly one of the largest private residential mortgage companies in New Jersey. "McGrath was sentenced to 14 years in prison for his role in perpetrating a corporate fraud scheme involving the double selling of mortgage loans to Fannie Mae, which resulted in losses in excess of $100 million," Mueller said.

On health care, the FBI had approximately 2,664 active health care fraud investigations, up approximately 7% since 2009.